Oak Spring Londonderry Management LLC
Oak Spring Londonderry Management LLC is a child care services business located in Londonderry, New Hampshire, classified under NAICS 624410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,307,000, approved on June 1, 2024 by TD Bank, National Association, and the loan reported 9 jobs.
SBA 7(a) loan, change of ownership, approved Jun 1, 2024
$1,307,000 approvedLender: TD Bank, National Association15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,307,000
- SBA-guaranteed amount
- $980,250 (75% of the approval)
- Lender
- TD Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.82%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- June 1, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $12,355 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Rockingham County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in New Hampshire: $1,811,437.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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